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Another record year ahead for Brazilian soya

Another record year ahead for Brazilian soya

Brazil’s soyabean planted area is heading for its ninth consecutive year of setting a new record, with the 2018/19 planting area forecast to go up 2% to 35.8M ha. The increase stems from projected higher prices, higher than expected demand from China and an increase in domestic Brazilian soyabean consumption, according to a 24 April GAIN report by the US Department of Agriculture (USDA). The USDA projected soyabean production to climb up to 115M tonnes, which would be the second largest soya crop in Brazil in history. “Despite the record planted area, production is forecast slightly lower compared to the previous year based on yield trends,” said the USDA.

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